Predicting is the future
Predictive maintenance can reduce costly unplanned downtime by 45pc, according to Lloyd’s Register
Tim Bisley is not the typical employee of Lloyd's Register. The SVP of software is neither an oil and gas nor marine expert; he is a dedicated technologist. Before joining 18 months ago to strategise and build its digital products business, he spent his career creating solutions for leading technology firms including HP and Computer Associates. He is now applying his experience to understanding how technology can replace or enhance arrangements for oil and gas assets. The firm has one shareholder, the non-profit Lloyd’s Register Foundation, which invests in safety initiatives around the world. How can oil and gas companies benefit from digitalisation? Bisley: We realised that digitalisatio

Also in this section
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
7 May 2025
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise